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From Staff and Wire Reports

The remaining America’s Cup defense syndicates have been reduced to two: Team Dennis Conner and America-3, headed by Eastern industrialist Bill Koch.

A news conference has been scheduled for Friday to announce that Koch will absorb certain personnel from the Beach Boys USA syndicate, which is strapped for funds.

Meanwhile, the Spanish America’s Cup program suffered a setback, according to reports, when the keel of its boat, Spain 92--500 Years, fell off during a test sail off Palma last weekend. The keel was retrieved.

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